Interim Management Statement
(Thomson Reuters ONE) - PRESS RELEASE Intec Telecom Systems Interim Management StatementLondon, August 19th, 2009: Intec Telecom Systems PLC ("Intec" or the"Group"), a global provider of business support systems solutions,reports its Interim Management Statement for the period from 1 April2009 to 18 August 2009.New business in the third quarter was consistent with ourexpectations and included the closure of the two strategic contracts,noted in the first half year results and announced to the market inJuly. In addition, we are pleased to announce today a multi-millionUS dollar contract with a new customer in North America for thedeployment of Intec's portfolio of products, including IntecConvergent Billing and Intec Total Service Mediation. All our salesregions performed well despite difficult global market conditionsand performance in Asia Pacific has benefited from the change inleadership earlier in the year.Our focus continues to be on maximising revenue from existingcustomers and investing in areas that provide the best opportunitiesfor new customer revenue growth. Together these will help build ourpipeline and backlog for FY10. Business optimisation and thedevelopment of our product portfolio continue to be a priority toimprove our competitive advantage.Our balance sheet remains strong with in excess of £50million of cashand no debt. On 15 May 2009 we gained approval from the High Court ofJustice for a capital reorganisation, enabling the Company toeliminate the accumulated deficit on its profit and loss account.The Board remains confident of the outlook for the full year.The Group expects to release its preliminary results for the yearending 30 September 2009 on 24 November 2009.Enquiries:Intec Telecom Systems PLC www.intecbilling.comAndrew Taylor, Chief Executive Officer +44 (0)1483 745 800Robin Taylor, Finance DirectorFDJuliet Clarke/Giles Sanderson/Haya Herbert-Burns +44 (0)20 7831 3113About IntecIntec supplies solutions to over 60 of the world's top 100 telecomscarriers, and is one of the world's fastest growing suppliers ofBusiness Support Systems (BSS) solutions.Intec's 400 plus customers include AT&T, Antel, Cable & Wireless, TheCarphone Warehouse (UK), China Unicom, Deutsche Telekom, Eircom(Ireland), France Telecom, Hutchison 3G, O2, Orange, T-Mobile,Telefonica, Vodafone, Virgin Mobile, Vivo and Verizon. Intec worksclosely with its customers, many of whom have been with Intec sinceits inception, to add real value and ROI to their business byproviding the highest standards of performance, flexibility androbustness to help communications service providers service theircustomers effectively and profitably.* Retail billing and customer management* Multi-service mediation and activation* Inter-carrier billing settlements including US CABS and ITU-based settlement* End-to-end content partner management* Optimised wholesale routing and trading* Real-time pre/post-paid mediation and charging* Pre-integrated solutions for wholesale, wireless and core IMS charging functionsFounded in 1997, Intec is listed on the London Stock Exchange (ITL.L)and has over 1,600 staff and 31 offices in 24 countries. For moreinformation, visit the Intec website at www.intecbilling.com.---END OF MESSAGE---This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 19.08.2009 - 08:00 Uhr
Sprache: Deutsch
News-ID 4846
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